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Lyondellbasell-A Crosses Above its 10-day MA (LYB)

By Shiri Gupta

Today, shares of Lyondellbasell-A (NYSE:LYB) have crossed bullishly above their 10-day moving average of $86.02 on a volume of 251K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Lyondellbasell-A share prices have been bracketed by a low of $73.94 and a high of $116.63 and are now at $86.31, 17% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.03% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Lyondellbasell-A on June 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.64. Since that recommendation, shares of Lyondellbasell-A have risen 5.0%. We continue to monitor LYB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lyondellbasell-a

Ticker(s): LYB